Satori Coin: A Physical Bitcoin in Japan

[avatar_kiyoshi]

The Sartori Coin will introduce people in Japan to bitcoin in a unique way.

The Corbett Report, an independent, listener-supported alternative news source in Japan, featured Yoshi Kan of Raimu Inc., a Japanese import company, who said he is preparing the release the Sartori Coin, a physical bitcoin.

Kan said he and his brother became interested in bitcoin after reading a book called “The Creature from Jekyll Island.” He said they realized bitcoin is like digital gold in that it is money not based on debt. “It has a great future, we thought.”

“Bitcoin exists only on the Internet, but we wanted to spread the understanding of bitcoin among the Japanese people,” Kan said. They imported Japan’s first bitcoin ATM in 2014 but soon realized the ATM concept is too advanced for most Japanese people.

The Sartori coin carries a small amount of bitcoin. Each 0.001 BTC (about 50 cents USD) is loaded onto each coin. He made the value so to make it nearly impossible to money launder, tax evade, or fund illegal activities with it. “We wanted just enough so that just in case bitcoin goes to zero, somebody’s going to lose sleep over it,” Kan said.

Read full : https://www.cryptocoinsnews.com/satori-coin-a-physical-bitcoin-in-japan/

I always impressed to Japan!

[arseaboy]

The Sartori Coin will introduce people in Japan to bitcoin in a unique way.

The Corbett Report, an independent, listener-supported alternative news source in Japan, featured Yoshi Kan of Raimu Inc., a Japanese import company, who said he is preparing the release the Sartori Coin, a physical bitcoin.

Kan said he and his brother became interested in bitcoin after reading a book called “The Creature from Jekyll Island.” He said they realized bitcoin is like digital gold in that it is money not based on debt. “It has a great future, we thought.”

“Bitcoin exists only on the Internet, but we wanted to spread the understanding of bitcoin among the Japanese people,” Kan said. They imported Japan’s first bitcoin ATM in 2014 but soon realized the ATM concept is too advanced for most Japanese people.

The Sartori coin carries a small amount of bitcoin. Each 0.001 BTC (about 50 cents USD) is loaded onto each coin. He made the value so to make it nearly impossible to money launder, tax evade, or fund illegal activities with it. “We wanted just enough so that just in case bitcoin goes to zero, somebody’s going to lose sleep over it,” Kan said.

Read full : https://www.cryptocoinsnews.com/satori-coin-a-physical-bitcoin-in-japan/

I always impressed to Japan!

I want to have this coin, maybe it will revolve sooner or later the idea is quite good. I'm looking forward to see there creation, thank for this great news mate japan always foreseen the future btc will be more recognize.

[xuan87]

it is a good news whenever people getting more interested in bitcoin, releasing a physical bitcoin is good idea, it can be used for collection and it will make bitcoin become more famous

[clickerz]

Simply wow, if the project push through many people will love it. Japan is very creative and it impresses me a lot.From their culture,designs and being a nature lover but they are also leading in technology.This move is very impressive and a welcome one from bitcoin world/lover.

[unamis76]

The idea is interesting, there's always space for a new physical coin on the market, but I don't see this one getting a lot of fans. It will be something funny to have stored somewhere and it won't really give an incentive to spend Bitcoin

I also disagree with them when they say Bitcoin only exists on the Internet. Bitcoin exists wherever we want it to exist. I find it odd that someone who says he's already involved in the community and wants to push Bitcoin forward says this.

[thejaytiesto]

All those physical coins will never have any actual use beyond maybe appreciating as a collectors item, just like the Casacius coins, so I wouldn't invest on them for any other reason than just buy and hold then sell them years down the line when Bitcoin is huge and people are searching for rare items. I would assume they will be more valuable than actual digital BTC by some people.

[btcltccoins]

We cant exactly say if its good idea of having a physical coin. If a physical BTC coin does have a monetary value,
then what is the difference between FIAT and digital Currency. 

[Kprawn]

I do not agree with this method of introducing people to Bitcoin. We are trying our best to explain the concept of digital decentralized currencies to people and these physical coins will just confuse them

more. The link between Fiat and physical coins are cemented into people's brains and it's difficult to get the grasp of electronic money. You only have to explain to people that almost all money today

are already digital in a private ledger in a bank, and the physical money just represent the value associated with it. Bitcoin just stays digital... 

[SFR10]

Interesting idea, something within the field of fiat feat BTCitcoin with this way. Design wise, it looks a bit like poker chips instead of an actual physical coin but surely to make expenses low but again it would be fun to buy this. I wonder how much these go for, since each have 0.001BTC (50 cents) pre-loaded so hopefully $1 each since it's plastic. Does anyone know the actual price of one?

[lolgato1]

Looks lime a new collectable for me. Will most likely buy a couple and save it and never use it.

[onlinedragon]

I Like the idea and they have an smooth design. Not sure if I will buy it but will think about it only not at this time.

[magemist]

This is the kind of thing that will get bitcoin more widely used by the public at large because the old timers are use to having something physical in there hands to know they can spend it. And it will help with the mid-aged that are not computer literate to be introduced to it as well.

[RealPhotoshoper]

The Sartori Coin will introduce people in Japan to bitcoin in a unique way.

The Corbett Report, an independent, listener-supported alternative news source in Japan, featured Yoshi Kan of Raimu Inc., a Japanese import company, who said he is preparing the release the Sartori Coin, a physical bitcoin.

Kan said he and his brother became interested in bitcoin after reading a book called “The Creature from Jekyll Island.” He said they realized bitcoin is like digital gold in that it is money not based on debt. “It has a great future, we thought.”

“Bitcoin exists only on the Internet, but we wanted to spread the understanding of bitcoin among the Japanese people,” Kan said. They imported Japan’s first bitcoin ATM in 2014 but soon realized the ATM concept is too advanced for most Japanese people.

The Sartori coin carries a small amount of bitcoin. Each 0.001 BTC (about 50 cents USD) is loaded onto each coin. He made the value so to make it nearly impossible to money launder, tax evade, or fund illegal activities with it. “We wanted just enough so that just in case bitcoin goes to zero, somebody’s going to lose sleep over it,” Kan said.

Read full : https://www.cryptocoinsnews.com/satori-coin-a-physical-bitcoin-in-japan/

I always impressed to Japan!

i dont know about this news before,thanks for share this,not i will more have easy way to introduce bitcoin to people,physical bitcoin will more easy to understand and accepted,and i hope japan will spread satori coin over the world,not just in japan.

[TastyChillySauce00]

I Like the idea and they have an smooth design. Not sure if I will buy it but will think about it only not at this time.

buying this thing is really not worth compared to another collectible coin which is bitcoin related due too small amount of bitcoin but if you're really a collector that's not going to be a problem ,right?

[calkob]

Did someone not try this in the states one time and was shut down by the feds....?  very risky